State, Local Governments See Revenue Numbers Grow

by Arkansas Business Staff  on Monday, Aug. 5, 2013 12:00 am  

The revenue picture for state and local governments improved in 2011, the U.S. Census Bureau reported late last month. Increases in sales and gross receipt taxes and in individual income taxes helped propel a rise in tax revenue, the first in two years. Total revenue for state and local governments hit a record high of $3.4 trillion in 2011, up 8.4 percent from 2010.

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